ANNUAL REPORT AND ACCOUNTS
Working With Older People in Epsom and Ewell for over 70 years
1 April 2021 - 31 March 2022
A company limited by guarantee registered in England and Wales 7448692 Registered Charity No 1139652
1
MISSION STATEMENT
Empowering older people in Epsom & Ewell to live the most fulfilling lives they can.
2
AGE CONCERN EPSOM AND EWELL
A company limited by guarantee registered in England and Wales 7448692
CHARITY NO. 1139652
Registered Office : The Old Town Hall, The Parade, Epsom, Surrey, KT18 5AG Tel: 01372 732456 www.ageconcernepsom.org.uk
President:
The Worshipful, the Mayor of Epsom & Ewell
Vice President: Elisabeth Scott
EXECUTIVE COMMITTEE (THE TRUSTEES)
| Chair: | DougEarle | |
|---|---|---|
| Vice-Chair: | Louise Laudy | |
| Honorary Treasurer: | Carol Buley | Resigned Oct 21 |
| Michael Bower | Resigned Jan 22 | |
| E & E Borough Council Reps | Christine Cleveland | |
| GuyRobbins | ||
| Trustees | Alan Paterson | |
| Tim Kensey | Appointed Jan 22 | |
| VerityLinnell | Appointed Jan 22 | |
| Maureen Jordan | Resigned July21 | |
| Arsalan Malavan | Resigned July21 | |
| Margaret Martin | Resigned Jan 22 |
PRINCIPAL BANKERS
CAF BANK 25 King’s Hill Ave, Kings Hill, West Malling ME19 4JQ
INVESTMENT ADVISER
Mulberry Chartered – part of the AFH Financial Group, 66 Hampton Road, Twickenham TW2 5QB Investec Wealth & Investment Ltd, 2 Gresham Street, London EC2V 7QN
HONORARY SOLICITOR
Liz Dalgetty
Downs Solicitors, 156 High Street, Dorking, RH4 1BQ
INDEPENDENT EXAMINER
Sloane Winckless & Co, Chartered Accountants 2-4 Stoneleigh Park Road Epsom KT19 0QT
3
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022
The Directors of the charitable company (‘the Charity’) are its Trustees for the purposes of charity law and throughout this report are collectively referred to as the Trustees.
The Trustees present their report and the financial statements for the period ended 31 March 2022. The Trustees confirm that the annual report and financial statements of the charity comply with the provisions of the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
a) Details of Charity - see page 3
b) Structure, Governance and Management
(i) Status and Constitution
On 23rd November 2010, the Trustees incorporated a company limited by guarantee bearing the name Age Concern Epsom & Ewell which was subsequently granted charitable status by the Charity Commission. The company remained dormant until 31st March 2011 when, with the approval of members of the organisation, the net assets and employees of Age Concern Epsom and Ewell (an unincorporated charity no 248704, with a history going back to 1947) were transferred to the company. Activities commenced on 1st April 2011.
In November 2013, the Charity became a Friend of Age UK. In October 2021, this agreement was terminated.
The company is limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1.
The Articles state that the Board shall consist of, the Chair of the Charity, six persons elected by the members at an Annual General Meeting or such other number as may be determined, up to two persons nominated by Epsom and Ewell Borough Council and persons co-opted under the provision of Article 22.29 and 22.10. The Board shall also be Trustees of the Charity.
(ii) Risk Management
The major risks to which the Charity is exposed, as identified by the Trustees, have been reviewed and systems have been established to mitigate risks.
4
The Trustees have purchased what they are advised is suitable insurance cover for staff (paid and volunteer) who work with the Charity and for the beneficiaries of the services provided by the charity.
Full details are given in our Financial Policy, available from the office.
c) Public Benefit
When reviewing our aims and objectives and in planning our future activities the Trustees have complied with the duty in section 4 of the Charities Act 2006 to have due regard to the public benefit guidance published by the Charity Commission.
d) Objectives and Activities
The objectives of the Charity are to promote and assist in the general well-being of elderly people in and around the Borough of Epsom and Ewell. This is fulfilled by providing transport, advice and information services, home visiting, social support services, footcare services and other activities all listed below:
Coronavirus
Coronavirus was still around but was much less of an issue with services resuming fully by July 21.
Information and Advice / Home Visiting
We provide confidential information and advice on a wide range of issues affecting older people. This service is open between 9.30am and 1.00pm Mon - Fri to telephone, e mail and personal callers. Older people may contact us themselves or a family member who has concerns. We work with numerous voluntary and statutory sector organisations who signpost clients wishing to use our services. This may be via the Epsom & Ewell Social Services Locality Team, Central Surrey Health Community Matrons, Social Prescribing, Hospital to Home, Sight for Surrey, care businesses. The I&A enquiry may be signposted to another ACEE service eg. medical transport scheme,
befriending/social support, toe nail cutting clinic or to an outreach service such as the Alzheimer’s Society, Silverline, Action for Carers Surrey.
An enquiry through the I&A team may result in a home visit. Home Visitors help to obtain Blue Badges for parking and Attendance Allowance benefit claims enabling people to have funds to help make life easier for themselves. The Home Visitor can assess clients’ needs in their own surroundings often resulting in finding out that a client has more needs than originally thought and referrals to the Occupational Therapist team, Social Services and specialist organisations can be made.
Social Support Services: Befriending Service
The service is provided to older, lonely and vulnerable people. Befrienders visit for one hour per week and it is important that the client and befriender ‘click’ i.e. have a common interest and that their temperaments are compatible. If a befriender does not ‘click’ with a client a more suitable match is sought.
5
Friendships are formed that in some cases last for years and we often find that volunteers go above and beyond just having a cup of tea and chat with their client. As a result, isolation is reduced and any worries or concerns about health, mobility, benefits etc. can be relayed if appropriate by the befriender to ACEE so that they can try to resolve the problem.
Community Companions
Community Companions is an ‘on demand’ service supporting clients on visits that may feel a little daunting. This may be by accompanying them to a first visit to a new social activity or day centre, to view alternative accommodation when making decisions about moving home or make sense of an ever increasing pile of paperwork. Clients using this service tend to be older, more vulnerable people, and are often living alone.
Sunday Teas
Once a month a Sunday tea is held which involves a combination of socialisation, activities and entertainment and provides a full afternoon tea. This long-established service is for older people who feel lonely and want some company, entertainment and varied activities. There is a small charge for the tea and transport can be provided by volunteer drivers and is taken up by most of the attendees. It gives clients the opportunity of making new friends in a welcoming environment.
Hearing Aids
Batteries can be obtained at our offices.
Foot Clinic
Based at the Community and Wellbeing Centre our practitioners cut toenails, file skin and give advice on footcare. There is a one-off registration fee including instruments. A charge is then made per attendance.
Medical Transport Scheme
The scheme is for members to attend medical appointments, visit family or friends in hospital or residential homes or any other journey that is deemed appropriate for the members wellbeing. The transport scheme is run and serviced by volunteers overseen by a member of staff. A unique part of the scheme is that the volunteer driver stays with the client for up to two hours escorting them personally to their appointment. Clients pay per trip and drivers claim mileage expenses.
IT Support
Our band of IT volunteers help clients to make better use of their computer, tablet, smart phone etc. usually by one to one support. Training is also offered at the monthly computer club held at The Old Town Hall.
DIY
Our volunteers help to do small DIY jobs eg. putting up shelves, curtain poles etc.
6
Men’s Club
The “ACE Men’s Club” offers the opportunity for the older man, particularly those experiencing loneliness and social exclusion, to overcome the difficulties they have in accessing opportunities to meet socially and enjoy an activity or pastime enabling them to live a more fulfilling life during their older years and make friends.
e) Achievements and Performance
All our charitable activities focus on empowering older people in Epsom & Ewell to live the most fulfilling lives they can and are undertaken to further our charitable purposes for the public benefit. The review of our activities above clearly illustrates the delivery of public benefit.
f) Financial Review
The Statement of Financial Activities shows that expenditure exceeded income by £62,636 This compares with an excess of income over expenditure 2020-21 of £54,627.
The Balance Sheet shows funds of £310,142 (2020-21 £358,279).
Principal Funding Resources
The Charity always receives a vital grant (in the form of accommodation) from Epsom & Ewell Borough Council. This amounts to circa 10% of the Charity's expenditure. Other income sources are -
-
Investment income from the Designated Fund
-
Fundraising including Donations and Legacies
-
Paid for services
-
Grants
Any deficit of income over expenditure is met by withdrawal from the Designated Funds.
Reserves Policy
The Trustees have decided the Charity should hold sufficient Reserves to cover approximately six months operating expenditure (approximately £90,000). The remainder of the Reserves form the Designated and Restricted Funds as described below. As at end March 2022, the Designated Funds stood at approximately £305,885.
In addition, on a quarterly basis, the Governance group review the 24 month horizon for financial viability.
The Trustees also review the level of Reserves on a quarterly basis.
7
Restricted Funds
We have been successful in being awarded grants/funding to support specific services/events that we deliver directly benefitting our clients.
Men’s Club Service
£4257
This fund supports the sustainability of activities for older gentlemen to reduce isolation and loneliness. This is a project delivered in various outreach settings within the borough supported by a paid member of staff and volunteers.
Investment Policy
The investment principles adopted by the Trustees are:
-
To appoint professional financial managers to manage the Charity’s investments
-
To protect the real value of our assets and income by holding a diversified balanced portfolio of asset classes in order to reduce risk.
-
To tolerate a low / medium level of risk in our investments
-
To have a reasonable level of investments in readily convertible assets, including cash, in order to provide flexibility.
The Investment Advisors have a brief to hold a balanced portfolio with a low to medium level of risk in order to provide income and growth in line with our Investment principles. The investment portfolio consists primarily of UK Fixed Interest & UK and International Equities with small holdings of Commercial Property, Alternative assets & cash.
The Charity’s investments are managed by Mulberry Chartered – part of the AFH Financial Group and Investec Wealth and Investment Limited, who have a brief to provide income and growth in line with our Investment policy outlined above.
Investment Report
As at 31st March 2022, the investment portfolio consisted broadly of Fixed Interest (approx. 27%), Equities (43%), Property (7%), Alternative Assets (18%), Emerging Economies (3%) and Cash (2%). A total of £33,540 was withdrawn from the portfolio during the year. Overall, the capital invested decreased from £284,896 to a valuation of £267,839 in the year to 31st March 2022.
g) Independent Examiner
The accounts of the Charity for the year ended 31 March 2022 are set out in the Accounts for the Year Ending 31 March 2022.
Trustees’ Responsibilities
The Trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
8
The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources of the Charity for that period. In preparing these financial statements, the Trustees are required to:
-
Select suitable accounting policies and then apply them consistently
-
Observe the methods and principles in the Charities SORP
-
Make judgements and estimates that are reasonable and prudent
-
State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements
-
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the Charity. These enable them to ascertain the financial position of the charity and to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the Trustees and signed on their behalf on 7[th] September 2022.
Louise Laudy Chair
9
Age Concern Epsom and Ewell
Independent Examiner's Report to the Trustees of Age Concern Epsom & Ewell
Independent examiner's report to the trustees of Age Concern Epsom & Ewell ('the Company')
We report to the charity trustees on our examination of the accounts of the Company for the year ended 31 March 2022.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied ourselves that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, we report in respect of our examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out our examination we have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
We have completed our examination. We confirm that no material matters have come to our attention in connection with the examination giving us cause to believe:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
We have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached
Sloane Winckless & Co Chartered Accountants 2-4 Stoneleigh Park Road Epsom KT19 0QT
Date: 7[th ] September 2022
10
Accounts for the Period Ending 31 March 2022
Company No 7448692 Registered Charity No 1139652
11
Age Concern Epsom and Ewell
STATEMENT OF FINANCIAL ACTIVITIES (incorporating an Income and Expenditure account) FOR THE YEAR ENDED 31 MARCH 2022
| Note Incoming Resources Incoming Resources from Generated Funds Voluntary Income 2 Activities for Generating Funds Investment Income - incl bank interest 3 Incoming Resources from Charitable Activities 4 Total incoming resources Resources Expended Cost of Generating Funds Costs of Generating Voluntary Income Costs of Activities for Generating Funds Investment Management Fee Charitable Activities Governance Costs Total resources expended 5 NET INCOMING/(OUTGOING) RESOURCES 6 Gains/(Losses) on Investment - realised 7 - unrealised 7 NET MOVEMENT IN FUNDS TOTAL FUNDS brought forward TOTAL FUNDS carried forward |
2022 2021 Unrestricted Restricted Total Total £ £ £ £ 95,621 - 95,621 202,751 13,689 - 13,689 26,785 3,204 - 3,204 3,543 37,785 - 37,785 25,118 150,299 - 150,299 258,197 31,086 - 31,086 29,460 4,827 - 4,827 12,317 4,197 - 4,197 3,987 169,302 2,611 171,913 156,906 912 - 912 900 210,324 2,611 212,935 203,570 (60,025) (2,611) (62,636) 54,627 4,197 - 4,197 15,178 10,302 - 10,302 41,056 (45,526) (2,611) (48,137) 110,861 351,411 6,868 358,279 358,279 305,885 4,257 310,142 469,140 |
|---|---|
All income and expenditure derive from continuing activities.
All gains and losses recognised in the period are included above. The loss for the year for Companies Acts purposes, including realised gains and losses but excluding unrealised gains and losses, would be £58,438
The notes on pages 14-18 form part of these financial statements
12
Age Concern Epsom and Ewell
BALANCE SHEET AS AT 31 MARCH 2022
| Note Fixed Assets 8 Investments 9 Current Assets Sundry Debtors and Prepayments Bank and Cash Balances TOTAL ASSETS less Current Liabilities - amounts falling due within one year Creditors and Accruals TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS Funds Restricted funds 10 Unrestricted funds 10 TOTAL FUNDS |
2022 £ 1,317 267,839 |
2022 £ 1,317 267,839 |
2021 £ 1,812 284,896 |
|---|---|---|---|
| 2,552 | 2,119 | ||
| 43,073 | 77,090 | ||
| 45,625 314,781 (4,639) 310,142 310,142 4,257 305,885 310,142 |
79,210 | ||
| 365,918 (7,639) |
|||
| 358,279 | |||
| 358,279 | |||
| 6,868 351,411 |
|||
| 358,279 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.
The members have not required the charitable company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies.
These financial statements have been approved by the Trustees on 7th September 2022 and signed on their behalf by:
Nicholas Brodie Treasurer
Louise Laudy Chair
Company No 07448692
The notes on pages 14-18 form part of these financial statements
13
NOTES TO THE FINANCIAL STATEMENTS - YEAR ENDED 31 MARCH 2022
1 Accounting Policies
1.1 Basis of preparation of financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The charity has taken advantage of the following reduced disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland': - the requirements of Section 7 Statement of Cash Flows.
1.2 Incoming resources
All incoming resources are included in the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies apply to categories of income:
For legacies, entitlement is the earlier of the Charity being notified of an impending distribution or the legacy being received.
Donated services and facilities are recognised in the Statement of Financial Activities where the value can be quantified with reasonable accuracy. Whilst valuable additional resources, no amounts have been included in the financial statements for services donated by volunteers.
Dividend income is included in the Statement of Financial Activities when received by our investment manager. Fixed interest income is accrued.
Grants are included in the Statement of Financial Activities when received.
1.3 Resources expended
All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities they have been allocated on a basis consistent with the use of resources. Central overhead costs are allocated to operational and fundraising functions on the basis of their use of central support services.
Costs of generating funds are those involved in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities.
14
Governance costs are the costs associated with the governance arrangements of the Charity that relate to the general running of the Charity, as opposed to those costs associated with fundraising or charitable activity. Included within this category are costs associated with the strategic, as opposed to day-to-day management of the charities activities.
1.4 Fund accounting
General funds are unrestricted funds that are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been earmarked by the Trustees for particular purposes. The aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income and gains are allocated to the appropriate fund.
1.5 Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation. Depreciation and impairment is provided on all tangible assets at rates calculated to write off the cost of those assets, less their estimated residual value, over their useful economic lives on the following bases:
Computer equipment – 25% straight line
1.6 Investments
Investments including interest-earning bank accounts are stated at mid-market value at the balance sheet date. The Statement of Financial Activities includes the net gains and losses arising on revaluations and disposals during the year.
1.7 Pension costs and other post- retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company’s pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
1.8 Taxation
The charity is exempt from corporation tax on its charitable activities.
15
Age Concern Epsom and Ewell
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
| 2 Voluntary Income Donations - other Legacies |
2022 2021 Unrestricted Restricted Total Total £ £ £ £ 52,520 - 52,520 117,426 43,101 - 43,101 85,325 95,621 - 95,621 202,751 |
|---|---|
| 3 Investment Income Collective Investments 4 Incoming Resources from Charitable Activities Footcare income Transport Home Visit income Sunday teas |
2022 2021 Unrestricted Restricted Total Total £ £ £ £ 3,204 - 3,204 3,543 3,204 - 3,204 3,543 2022 2021 Unrestricted Restricted Total Total £ £ £ £ 17,179 - 17,179 7,777 17,053 - 17,053 11,991 2,580 - 2,580 5,350 973 - 973 - 37,785 - 37,785 25,118 |
|---|---|
- 5 Resources Expended relating to the provision of services to the elderly
a Analysis of all resources expended
| Cost of Generating Voluntary income Cost of Activities for Generating Funds Investment Management Costs Charitable Activities Information and advice Visiting Service Transport scheme Footcare Sunday teas Volunteers support Social support Total charitable activities Governance Independent examination fee Total governance costs Total resources expended |
2022 2021 Unrestricted Restricted Total Total £ £ £ £ 31,086 - 31,086 29,460 4,827 - 4,827 12,317 4,197 - 4,197 3,987 36,556 - 36,556 34,410 48,269 - 48,269 41,048 19,898 - 19,898 15,755 19,512 - 19,512 16,946 752 - 752 225 32,810 2,611 35,421 37,206 11,505 - 11,505 11,316 169,302 2,611 171,913 156,906 912 - 912 900 912 - 912 900 210,324 2,611 212,935 203,570 |
|---|---|
16
Age Concern Epsom and Ewell
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
| 5 | Resources Expendedcontinued Staff Costs and Numbers (including Management) Gross Salaries Employers NI Average numbers of employees (full time equivalent) No employee earned in excess of £60,000. Trustees received no remuneration or benefits in kind during the period. Net Outgoing Resources These are stated after charging: Depreciation Independent Examination (VAT inclusive) Gains/(losses) on Investments Realised gains Unrealised (losses) / gains Tangible Fixed Assets- Computer Installation and Equipment Cost Balance at 1 April 2021 Additions Disposals At 31 March 2022 Depreciation Balance at 1 April 2021 Charge in year Disposals At 31 March 2022 Net Book Value at 31 March 2022 Net Book Value at 31 March 2021 |
2022 2021 £ £ 132,956 140,162 3,770 4,353 136,726 144,515 5 5 2022 2021 £ £ 640 604 912 900 2022 2021 £ £ 4,197 15,178 10,302 41,056 14,499 56,234 £ 5,244 145 - 5,389 3,432 640 - 4,072 1,317 1,812 |
|---|---|---|
| b | ||
| 6 | ||
| 7 | ||
| 8 | ||
17
Age Concern Epsom and Ewell
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
9 Investments
| Investments Collective Investments Investment Cash held by Managers Analysis of Change in Period Opening balance at 1 April 2021 Additions less Disposals Increase/(reduction) in Investment Cash Change in Market Value Closing balance at 31 March 2022 Historical Cost of Collective Investments as at 31 March 2022 as at 31 March 2021 |
2022 £ 262,148 5,692 267,839 284,896 (26,835) (6,705) 16,483 267,839 228,037 |
2021 £ 272,499 12,397 |
| 284,896 | ||
| 229,105 1,910 5,764 48,117 |
||
| 284,896 | ||
| 236,858 |
10 Funds
| As at 31 March 2021 Net incoming/(outgoing) resources Gains (losses) on investments As at 31 March 2022 |
Unrestricted & Restricted Legacy funds 2022 2021 (designated) Total Total £ £ £ £ 6,868 351,411 358,279 358,279 (2,611) (55,828) (58,439) 69,805 10,302 10,302 41,056 4,257 305,885 310,142 358,279 |
|---|---|
11 Related Parties
During the year 1 (2021: 1) trustee was reimbursed £10 for training expenses (2021: £10)
18